Prosus: A poor man’s Tencent?
Prosus’s e-commerce efforts are thriving, but not enough to close the Tencent gap. Will a share buyback do the trick?
26 November 2020 - 05:00
Naspers and Prosus will remain a poor man’s Tencent, regardless of the impact a $5bn share buyback may have, say its detractors.
The mammoth programme is meant to assuage shareholder discontent over a glaring valuation gap between the two conjoined entities and their most valuable investment...
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now